Palladium 1-oz Bullion Bars for Investment
Credit Suisse and PAMP 1-oz Bullion Bars
Palladium bullion investors buying bullion bars should buy either Credit Suisse 1-oz palladium bullion bars or PAMP 1-oz palladium bullion bars. Credit Suisse (Credit Swiss) and PAMP are two of the best known precious metals names in Europe. (Actually, PAMP, a major refinery, produces Credit Suisse palladium bullion bars. Credit Suisse is a major Swiss bank, which long has sold precious metals bars with the Credit Suisse name stamped on them.)
Although a myriad of sovereign mints produced palladium coins in the 1990s to meet investment demand, the price spike to $1100 in early 2001 crushed investment demand for palladium and the minting of sovereign coins virtually ceased.
Palladium Investment Demand Returns
It has only been in recent years, when palladium dropped back to the $200 level, that investment demand has returned. The increase in palladium investment has been such that in late 2005 the Royal Canadian Mint began producing legal tender 1-oz palladium bullion coins. (On introduction, the RCM offered its new coins at lower premiums than the Credit Suisse and the PAMP palladium bullion bars. It will be interesting to see if Credit Suisse and PAMP lower their premiums to meet the RCM's prices for its new palladium bullion coins.)
Credit Suisse and PAMP bars are .9995 fine palladium, which is the industry standard for palladium bullion bars sold into the investment market. The new RCM coins also are .9995 pure.
The drawback to Credit Suisse and PAMP 1-oz palladium bars is that they carry higher premiums than the new RCM 1-oz palladium bullion coins. Yet there are no more esteemed names in the precious metals markets than Credit Suisse and PAMP, and palladium investors can buy either Credit Suisse or PAMP bullion bars with confidence that they are getting premier palladium bullion bars.
If you would like to discuss buying palladium bullion bars or the palladium investment market, call us.
